Nissan reports April-December results for fiscal year 2019
For the first nine months of the fiscal year, Nissan generated an operating profit of 54.3 billion yen on net revenues of 7.5073 trillion yen, equivalent to an operating margin of 0.7%. Net income1 for the period decreased by 87.6% to 39.3 billion yen.
TSE report basis – China JV equity basis2
Based on average foreign exchange rates of JPY 108.7/USD and JPY 121.0/EUR for the period.
In the first nine months of the fiscal year, global total industry volume decreased 5.0% year-on-year to 65.3 million units, while Nissan’s global unit sales decreased 8.1% to 3.70 million units.
In Japan, total industry volume decreased 1.7% year-on-year due to the impact of a consumption tax rate increase and damage caused by typhoons, and Nissan’s sales decreased 6.9% to 381,000 units.
Outlook for fiscal year 2019
Despite having made steady progress in its business transformation and profit recovery measures, due to weak performance and a slowdown in total industry volume the company has revised its full-year guidance.
Feb 13, 2020 at 18:10